The State Pension Fund of Finland

The State Pension Fund prepares for future pension expenditure by investing its assets professionally and responsibly.

The State Pension Fund of Finland

The State Pension Fund of Finland (VER) was established in 1990 to balance state pension expenditure. VER invests pension assets and helps the state to prepare for financing future pensions. VER is a long-term investor characterised by a high standard of professionalism and an ethical code of conduct. VER operates as part of the prefunded Finnish pension system.

VER’s phone numbers will change as of 4 December 2018. The first part of the landline numbers will change to +358 295 201 2(XX). The personal extensions (the last two digits) will remain unchanged. The new switchboard number will be +358 295 201 200 and fax number +358 295 201 250.

On 30 September 2018, VER’s investment assets totalled EUR 19.7 billion. The return on investments at fair values was 2.0 per cent during the first three quarters and 1.5 per cent in the third quarter. Over the past five years, the average nominal rate of return (1 October 2013–30 September 2018) was 6.0 per cent and the annual ten-year return 6.3 per cent. Since 2001 when VER’s activities assumed their current form, the average rate of return has been 5.5 per cent.

The market value of VER's investment portfolio was EUR 19.7 billion on 30 September 2018.

Strategy

In June 2016, the Board of Directors of the State Pension Fund (VER) adopted a strategy that provides a more detailed description of VER’s objectives and outlines the policies designed to achieve them.